Today, on the 10th day of rally, both the Dow Jones Industrial Average and S&P 500 came down from up 136 and 23.74 earlier to close up only 15.8 and 7.99 at the close respectively but still made fresh new highs. While the Nasdaq Composite rose close to all time high earlier in the day but closed below, it came down from up 148 to up only 7 for the day. The above 3 major market indexes all have form bearish long upper shadow reversal candles formations. TSLA dropped from up 70 early in the day to closed down 6.43 at the close, a classic buying climax reversal down. FB is not behaving well neither after a mixed earnings report, it is down 3.92% today and its 200 day moving average support has been broken. TSLA and FB's weak performances today were part of the reasons that dragged down the whole market. The seemingly forever weak volatility index VIX has finally bounced up from near all time low level. All the above are signs that the market is overbought and tired and is likely to come down. Influential tech earnings reported after market and market responses are as follows:
MSFT beats on EPS, beats on revenue, stock is only up 1.91% during after market trading.
GOOG beats on EPS, beats on revenue, but Google Cloud and YouTube performances are not satisfactory, stock is down 0.45% during after market trading.
TWTR misses on EPS, revenue is in line, stock is up 3.70% during after market trading.
TXN beats on EPS, misses on revenue, stock is down 3.59% during after market trading.
AMD beats on EPS, beats on revenue, guides Q4 revenue higher, stock is down 0.55% during after market trading.
These kind of lukewarm reactions to earning report do not bode well with the forth coming AAPL and AMZN earnings reports since supply chain problems and higher costs are expected to negatively impacting both companies. If market do not respond well to earnings of these two companies on Thursday, there is no other hope for the market.
今天，是连续上涨的第 10 天，道琼斯工业平均指数和标准普尔 500 指数均从早些时候的上升136 和 23.74 回落，收盘分别仅上涨 15.8 和 7.99，但仍创下历史新高。虽然纳斯达克综合指数在今日早些时候上涨至接近历史高点但收于下方，从早上升 148 点回落至仅上涨 7 点。上述3个主要市场指数均形成看跌的长上影线反转蜡烛形态。 TSLA从当天早些时候的上涨70回落至收盘下跌6.43，经典的买入高潮反转下跌。 FB 在报出喜忧参半的业绩后表现不佳，今日下跌 3.92%，并已跌穿200 日均线支撑。 TSLA和FB今天的疲软表现可能是拖累了整个市场的一部份原因。看似永远疲软向下的波动率指数 VIX 终于从近乎历史低位反弹。以上都是市场超买疲态的迹象，有可能会开始回落。在收市后发布的具有影响力的科技财报及市场反应如下：
MSFT 每股盈利好于预期，营业额好于预期，股票在盘后交易中仅上涨 1.91%。
GOOG 每股盈利好于预期，营业额好于预期，但Google Cloud及YouTube表现不令人满意，股票在盘后交易中下跌 0.45%。
TWTR 每股盈利坏于预期，营业额与预期相同，股票在盘后交易中上涨 3.70%。
TXN 每股盈利好于预期，营业额坏于预期，股票在盘后交易中下跌 3.59%。
AMD 每股盈利好于预期，营业额好于预期，调高第四季营业额指引，股票在盘后交易中qu下跌0.55%
这种对财报的冷淡反应对于即将发布的 AAPL 和 AMZN 财报来说并不是一个好兆头，同时供应链问题和高成本预计会对两家公司产生负面影响。在这两家龙头公司于周四发布报告后若果市场反应不佳，市场就没有其他希望了。
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